Word: businessese
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Despite widely televised Congressional hearings in recent weeks on financial reform, 75% of those polled expect Wall Street to return to dangerous activities. Americans clearly want action: some 62% believe financial regulations need to be tougher, and 67% want the government to force pay cuts on top executives at Wall...
More important, at least when it comes to the bailed-out businesses, the notion that there's a correlation between excessive pay and excessive risk-taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms...
That could be changing. Early next year, four new solar hybrid ferries will set sail in the Hong Kong harbor, using solar collectors to power an electric engine that will shuttle Hong Kong Jockey Club members to the Kau Sai Chau Public Golf Course. It's a modest start to...
The anti-Sikh riots were four days of mayhem in the northern parts of India, particularly Delhi, in which armed mobs set fire to Sikh homes and businesses, killed unarmed men, women and children and attacked gurdwaras, Sikh places of worship. The violence, which left almost 3,000 people dead...
These insights are at the core of the challenge to traditional neoclassicism posed by behavioral economics, which has burst into prominence in the Obama Administration. Budget director Peter Orszag is so obsessed with defaults that he used to bring a copy of that 401(k) study to all his meetings...